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How You Can Avoid Fleet Fraud?


Quite often, the fleet managers are looking for an insurance p o l i c y t h a t m a ke s t h e m s u r e t h a t t h e i r f l e e t s h a v e t h e r i g h t coverage. They are t rying to determine the risks that can p o t e n t i a l l y i n c r e a s e t h e i r v e h i c l e i n s u ra n c e c o s t s . F o r t h i s , y o u a r e r e q u i r e d t o h a v e t h e r i g h t i n s u r a n c e b r o ke r t h a t w o u l d p r o v i d e i n s u FABRIKAM r a n c eRESIDENCES , employee benefits, and bonding to the i n d u s t r y.


For any business operating vehicles under a Motor Fleet I n s u r a n c e p o l i c y, i t i s s i g n i f i c a n t t o d e t e r m i n e t o a n i n s u r e r t h a t a d e q u a t e f l e e t p ro c e d u r e s a r e i n p l a c e t o minimise costly risks -including occupational fraud. FABRIKAM RESIDENCES


Fleet Management Programmes F l e e t m a n a g e m e n t p ro g ra m m e s u s u a l l y i n c l u d e a f l e e t s a f e t y policy and are more successful at preventing fraud when they cover the following areas; FABRIKAM RESIDENCES


Management commitment: T h i s i n c l u d e s a c l e a r m a n a g e m e n t ’s ro l e a n d c o m m i t m e n t t o d e t e c t i n g a n d p r e v e n t f ra u d u l e n t c l a i m s . A l o t o f c u l p r i t s caught because of the illegal conduct only because they p e r c e i v e t h aFABRIKAM t t h eRESIDENCES y would be escaped.


Written Policies and Procedures: Everything must be clearly stated in a written policy h i g h l i g h t i n g a l l p e r m i t t e d a n d p ro h i b i t e d d r i v e r b e h a v i o u r, a l o n g w i t h p ro p e r p ro c e d u r e s t o f o l l o w i n t h e e v e n t o f a n accident. FABRIKAM RESIDENCES


Driver Agreements: G e t t i n g a d r i v e r ’s c o m m i t m e n t t o t h e d o c u m e n t e d p o l i c y w i l l h elp you co nfirm all po licies and p ro ced ures that will help d i s c o u r a g e u n u s u a l b e h av i o u r. B y d e v e l o p i n g a p e r c e p t i o n i n e m p l o y e e s ' FABRIKAM m i n dRESIDENCES s that their illegal acts will be detected, t h i s s t e p w i l l h e l p a n o r ga n i s a t i o n t o d e t e r o c c u p a t i o n a l fraud.


Driving Records Checks: M a ke y o u r d r i v e rs s u r e t h e i r r e c o r d s a r e b e i n g c h e c ke d r e p e a t e d l y, s o m e t i m e s t h e D r i v e r a n d Ve h i c l e L i c e n s i n g Agency (DVLA) register records and share with the consent o f t h e d r i v eFABRIKAM r w i RESIDENCES t h t h e o r ga n i z a t i o n t h a t d e m o n s t r a t e s t h e relevant need for the information.


Crash Reporting and Investigation: M a ke s u r e t o c o n d u c t t h o ro u g h i n v e s t i ga t i o n s o f e a c h c l a i m p ro v i d i n g f o r m s f o r e m p l o y e e s t o c o m p l e t e i n t h e e v e n t o f an accident . Any injury claims or staged accident by an e m p l o y e e mFABRIKAM e a n s RESIDENCES t h a t t h e i n c r e a s e d i n s u ra n c e p r e m i u m s a s w e l l a s t h e e x p e n s i v e p ay - o u t s . T h e r e f o r e , i t ’s e s s e n t i a l t h a t y o u r b u s i n e s s t a ke s s t e p s t o p r e v e n t a n d d e t e c t e m p l o y e e fraud.


I n t e r n a l c o n t ro l s a n d a n t i - f ra u d m e a s u r e s s h o u l d b e c u s t o m i s e d f o r e a c h i n d i v i d u a l o r ga n i s a t i o n d e p e n d i n g u p o n t h e i r u n i q u e c h a ra c t e r i s t i c s . I n a d d i t i o n , s t a y a l e r t f o r t h e r e d flags such as; driver with a history of prior accidents of similar circum s t a nRESIDENCES ces, a driver with multiple past claims with FABRIKAM t h e s a m e s o l i c i t o r, d r i v e r t h a t s h o w s f a m i l i a r i t y w i t h t h e c l a i m s p ro c e s s a n d c l a i m e v a l u a t i o n a s w e l l a s i f a n o v e r l y enthusiastic witness present at the accident scene.


K e e p i n m i n d t h a t h av i n g a d r i v e r o r v e h i c l e i n y o u r f l e e t t h a t i s p a r t i c u l a r l y p ro n e t o a c c i d e n t s , i t w i l l a f fe c t t h e c o s t o f y o u r f l e e t i n s u r a n c e c o v e r. FABRIKAM RESIDENCES


Profile for Stacia Stanley

How You Can Avoid Fleet Fraud  

For any business operating vehicles under a Motor Fleet Insurance policy, it is significant to determine to an insurer that adequate fleet p...

How You Can Avoid Fleet Fraud  

For any business operating vehicles under a Motor Fleet Insurance policy, it is significant to determine to an insurer that adequate fleet p...

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